RE: SEC v ARISE: The Trial of The Century?
Thanks for sharing this article @stan. It's really interesting to read about this case!
I honestly am not sure how I feel about it, and I'm definitely going to read in to it in more detail, but from what I do understand, this is my point of view:
A lot of the public did seem to be biased against arise in the beginning, but I'm not sure why. I work full time in ICO consulting, online cryptocurrency course creation and now blogging - from talking to friends who would be quite well educated in the industry they too seemed to side against Arise, but some are coming around.
Arise appears to be assembling a dream team to help David take on Goliath.
I love that part of the article, it really sums up the situation extremely well! Personally, I feel that regulations are needed in this space, but I'm not sure in what way, shape or form. It's an interesting topic, but I do not think that the SEC is the right body to implement such regulations.
Thanks again for sharing this! Personally, I think that Arise Bank could help the whole market grow exponentially in the coming years, but we will have to see how things go.
Yeah that is a great line.
It is interesting to note@lukebrn, that certain segments of the government in the US are losing reputation with the average person. Of course, we still have the ideologues who will do anything to protect their party (and their representatives). However, departments like the SEC, IRS, FBI, FDA, and USDA all have been caught either exceeding their authority or being biased because of payoffs or some other type of influence.
Decentralized banking will end up taking place at some point...it just might have to be down the road.
As more of the public gets accustomed to decentralization, I think the centralized institutions, especially those that rape their own customers i.e. the banksters, will fall out of favor quickly.
We simply have to keep spreading the word of decentralization.
And keep buying Bitshares....that will be a force in decentralizing the financial industry.
That is interesting to not @taskmaster4450, thanks for letting me know! I completely agree there, I know that a lot of banks are looking in to the blockchain as a viable option at the moment, but I agree that it will be a good amount of time before it becomes a reality.
I too think that we need to keep spreading the word about decentralisation in a positive manner and the world will catch on. And yes I think Bitshares is great!
Thanks again for the comment.